9706/12 Accounting Oct Nov 2022 Online Test | Cambridge AS and A Level MCQ
Non-current assets at the end of Year 1 were recorded as cost, $\$ 500000$, and carrying value, $\$ 360000$.
During Year 2, certain assets were sold. They had originally cost $\$ 100000$ and had been depreciated by $40000.
The depreciation charge for the remaining non-current assets in Year 2 was $30000.
What was the carrying value of non-current assets at the end of Year 2?